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A Simple Axiomatization and Constructive Representation Proof for Choquet Expected Utility

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Author Info
Chateauneuf, Alain () (CERMSEM Université Paris I)
Eichberger, Jürgen () (Sonderforschungsbereich 504)
Grant, Simon () (Department of Economics Rice University)

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Abstract

We provide a set of simple and intuitive axioms that allow for a direct and constructive proof of the Choquet Expected Utility representation for decision making under uncertainty.

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Publisher Info
Paper provided by Sonderforschungsbereich 504, Universität Mannheim & Sonderforschungsbereich 504, University of Mannheim in its series Sonderforschungsbereich 504 Publications with number 03-26.

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Length: 9 pages
Date of creation: 13 Oct 2003
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Handle: RePEc:xrs:sfbmaa:03-26

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